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Company Registration No. 03798624 (England and Wales)
R And B Properties Limited Unaudited accounts for the year ended 31 December 2024
R And B Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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R And B Properties Limited Company Information for the year ended 31 December 2024
Directors
Marie Oxley Jane Armstrong William Dominic Oxley
Company Number
03798624 (England and Wales)
Registered Office
Roose Lodge Old Roose Barrow-in-furness Cumbria LA13 0ET England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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R And B Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,655 
6,000 
Investment property
5
930,121 
900,121 
934,776 
906,121 
Current assets
Debtors
6
1,189 
35,824 
Cash at bank and in hand
4,133 
36,869 
5,322 
72,693 
Creditors: amounts falling due within one year
7
(137,138)
(10,110)
Net current (liabilities)/assets
(131,816)
62,583 
Total assets less current liabilities
802,960 
968,704 
Provisions for liabilities
Deferred tax
(89,242)
(89,242)
Net assets
713,718 
879,462 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
712,718 
878,462 
Shareholders' funds
713,718 
879,462 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
William Dominic Oxley Director Company Registration No. 03798624
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R And B Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
R And B Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03798624. The registered office is Roose Lodge, Old Roose , Barrow-in-furness, Cumbria, LA13 0ET, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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R And B Properties Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
22,468 
12,399 
450 
35,317 
At 31 December 2024
22,468 
12,399 
450 
35,317 
Depreciation
At 1 January 2024
22,047 
6,820 
450 
29,317 
Charge for the year
105 
1,240 
- 
1,345 
At 31 December 2024
22,152 
8,060 
450 
30,662 
Net book value
At 31 December 2024
316 
4,339 
- 
4,655 
At 31 December 2023
421 
5,579 
- 
6,000 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
900,121 
Additions
56,326 
Net loss from fair value adjustments
(26,326)
At 31 December 2024
930,121 
Mr W Oxley (director) has valued the properties based on market values at the time.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,189 
990 
Amounts falling due after more than one year
Other debtors
- 
34,834 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,310 
38 
Trade creditors
- 
10 
Taxes and social security
5,573 
8,412 
Loans from directors
129,005 
- 
Accruals
1,250 
1,650 
137,138 
10,110 
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R And B Properties Limited Notes to the Accounts for the year ended 31 December 2024
8
Transactions with related parties
Included within creditors is an amount due to the directors of £129,005. During the year the company paid dividends as follows:- Mr & Mrs W Oxley £80,000 Mrs J Armstrong £80,000
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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